Economics
Indonesia Vows to Build $33 Billion Capital as Economy Sputters
- Government to push ahead with new capital plan amid pandemic
- Investment in new capital to spark multiplier effect: minister
Vehicles travel along a road in Jakarta, Indonesia, on June 17.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
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Indonesia is pressing ahead with plans to build a new capital as billions of dollars in private sector investment is seen as key to reviving an economy battered by the coronavirus pandemic, a senior minister said.